Israel Post Could Become Insolvent in Q3 This Year

Postal company CEO says company will meet obligations by selling assets.

The postal system could be insolvent by the third quarter of this year, according to a report obtained by TheMarker and presented to the state-owned postal company’s board of directors last week. The document was presented by Oren Levian, a senior official at the Communications Ministry who is responsible for the operations of the postal bank.